Funding arb · Price arb /

SOXS

RWAall SOXS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.137%

Price spread now: Bybit against Phemex−0.086%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1201.204% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$19 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.086%, 7d avg +0.053%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.139% cheaper against Phemex than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex SOXSUSDT	34.750	0	get 0.0000% / 8h	22m 38s	$1.2M	$1.9M	20x
Short	Bybit SOXSUSDT	34.720	0	get 0.0000% / 8h	22m 38s	$3.9M	$9.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BybitbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → +0.053%: −$13.89
Slippage, 4 orders: −$97.4
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$134.29
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Bybit: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 6 min ago	4.32 bp	53.6 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	1.44 bp	13.1 bp −$13	22.2 bp −$222	doesn't fit	doesn't fit

SOXS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOXSUSD	−0.0298%	1h	34.707	−0.125%	$8K	$32K	20x	as long as short
Binance SOXSUSDT	0.0000%	8h	34.725	−0.072%	$12.9M	$163.2M	25x	as long as short
Bybit SOXSUSDTshort	0.0000%	8h	34.720	−0.086%	$3.9M	$9.7M	50x
OKX SOXS-USDT-SWAP	0.0000%	8h	34.720	−0.086%	$2.5M	$14.8M	25x	as long as short
Gate SOXS_USDT	0.0000%	8h	34.730	−0.058%	$2.0M	$8.7M	25x	as long as short
MEXC SOXS_USDT	0.0000%	8h	34.730	−0.058%	$12.4M	$11.0M	50x	as long as short
Bitget SOXSUSDT	0.0000%	8h	34.720	−0.086%	$4.8M	$15.1M	20x	as long as short
Variational Omni SOXS	0.0000%	8h	34.731	−0.055%	$297K	$314K	—	as long as short
SunX SOXS-USDT	0.0000%	8h	34.730	−0.058%	—	$4.7M	10x	as long as short
HTX SOXS-USDT	0.0000%	8h	34.730	−0.058%	$11K	$23K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex SOXSUSDTlong	0.0000%	8h	34.750	long leg	$1.2M	$1.9M	20x
BloFin SOXS-USDT	+0.0025%	8h	34.760	+0.029%	$166K	$56K	25x	as long as short
Lighter SOXS	+0.0032%	1h	34.734	−0.046%	—	—	10x	as long as short
KuCoin SOXSUSDTM	+0.0100%	8h	34.720	−0.086%	$708K	$2.2M	10x	as long as short
edgeX SOXSUSDC	+0.0854%	4h	34.720	−0.086%	$38K	$183K	10x	as long as short